| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $27M | $24M | 7.3% | 22.3% |
| Op. Income | -$2M | -$1M | -$4M | -84.4% | 48.8% |
| Gross Margin | 47.6% | 49.2% | 37.9% | -1.5pp | 9.7pp |
| Net Margin | -2.4% | -5.5% | -11.3% | 3.1pp | 8.8pp |
| EPS (Diluted) | $-2.88 | $-6.73 | $-0.23 | 57.3% | -1177.9% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $14M |
| R&D Expenses | $2M |
| Selling & Marketing | $11M |
| General & Administrative | $3M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$2M |
| Interest Income | $100.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $436.6K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$730.9K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$719.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$719.2K |
| D&A | $504.8K |
| EBIT | $436.6K |
| EBITDA | $941.4K |
| EPS | -$0 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$719.2K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $719.2K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $74M |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $238M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $6M |
| Additional Paid-In Capital | $240M |
| Retained Earnings | -$75M |
| Treasury Stock | -$216.3K |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $165M |
| Minority Interest | -$9M |
| TOTAL EQUITY | $156M |
| TOTAL LIABILITIES & EQUITY | $238M |
| Total Debt | $7M |
| Net Debt | -$64M |
